Monday, April 19, 2021

Category: Finance

Finance, News
China Fines Alibaba Record $2.75 Billion For Anti-Monopoly Violations

SHANGHAI/HONG KONG (Reuters) -China slapped a record 18 billion yuan ($2.75 billion) fine on Alibaba Group Holding Ltd on Saturday, after an anti-monopoly probe found the e-commerce giant had abused its dominant market position for several years.The fine, about 4% of Alibaba’s 2019 domestic revenues, comes amid a crackdown on technology conglomerates and indicates China’s…

Finance, News
How Amazon Exploited a Weakened America

During the Covid-19 pandemic, one in four Americans has struggled to pay their bills, and as of mid-January, unemployment claims surpassed those of the Great Recession for the forty-third straight week. As of February, more than 24 million people reported that their households sometimes didn’t have enough to eat. Many lower-income Americans continued to report…